Singapore—The Capesize markets opened the new trading week starting Aug. 31, on a stable note with freight rates inching up slightly. In the freight forward agreement market, small gains were seen during the Asian trading hours amid thin liquidity. "I am cautiously positive now as all the positive news, including typhoons, port congestion in west Australia and China, firm iron ore price, have been priced in the freight," a Capesize ship-operating source said. Typhoon Maysak's path was projected to be missing China and heading straight to South Korea.
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